2026-02-07T07:43:52+00:00 2025-06-30 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2024-07-01 203870081 Brazos Education Lending Corporation BRAZ 2547530915 5609 Crosslake Pkwy Waco TX 76712 RICKY TURMAN EVP/COO/CFO 2026-02-07 true true Andrew Gray P01517705 9727028262 2026-05-15 2024 2025-03-06 01:10:19Z RICKY TURMAN 5609 Crosslake Pkwy Waco TX 76712 3185593 false X WWW.STUDENTLOANS.COM X 2005 TX BRAZOS EDUCATION LENDING CORPORATION'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES. 11 10 0 9 0 0 0 2795480 3171806 28042 13787 0 0 2823522 3185593 0 0 0 0 0 0 0 2492734 3332466 2492734 3332466 330788 -146873 9569591 17922453 9681879 18181614 -112288 -259161 BRAZOS EDUCATION LENDING CORPORATION'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES. false false 3332466 3171806 BRAZOS EDUCATION LENDING CORPORATION HELD STUDENT LOANS UNDER PRIVATE STUDENT LOAN PROGRAMS. THESE LOANS WERE FUNDED THROUGH A LINE OF CREDIT. 3332466 true false false false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 2 0 true 0 false false false false false false false false false false false false X 11 10 false true false false false false false true true false false false true true true true true true false false false false X RICKY TURMAN EVPCOOCFO 2547530915 5609 CROSSLAKE PKWY WACO TX 76712 THOMAS LITLE PRESIDENT/CEO 1.0 39.0 X X 0 895987 98152 ANDY POPEJOY DIRECTOR 1.0 7.0 X 0 0 0 CLEMENT MILAM DIRECTOR 1.0 7.0 X 0 0 0 Dr DAVID MYERS DIRECTOR 1.0 7.0 X 0 0 0 DR TERRY MANESS DIRECTOR 1.0 7.0 X 0 0 0 HARRY HARELIK DIRECTOR 1.0 7.0 X 0 0 0 Joe Nesbitt Director 1.0 7.0 X 0 0 0 Justin Wiethorn Director 1.0 7.0 X 0 0 0 Lance Hogg Director 1.0 7.0 X 0 0 0 PETER KULTGEN DIRECTOR 1.0 7.0 X 0 0 0 ROBERT B CHAMBERS DIRECTOR 1.0 7.0 X 0 0 0 ANDREW ELLIS VP HUMAN RESOURCES 1.0 39.0 X 0 307699 80931 DARRELL BROOKS TREASURER 1.0 39.0 X 0 232630 67386 KELLI UTTECH EVP/GENERAL COUNSEL 1.0 39.0 X 0 459985 83927 RANDALL LARSON VP SALES 1.0 39.0 X 0 263448 74174 RICKY TURMAN EVP/COO/CFO 1.0 39.0 X 0 659544 101455 TAMMY HARRALSON VP/CONTROLLER 1.0 39.0 X 0 258182 72119 TIFFANY JONES SECRETARY 1.0 39.0 X 0 119395 32504 0 3196870 610648 0 false true false 0 0 Interest Received on Student Loans 522291 1307822 1307822 Late Charges 522291 147 147 Loan Refinance 522291 1863837 1863837 0 0 0 0 3171806 13787 13787 0 0 0 0 0 0 0 0 0 3185593 3171806 0 13787 0 0 0 0 2499678 2499678 Origination Expense 681913 681913 Servicing Expense 101380 101380 Loan Operating Expense 49283 49283 Miscellaneous Expenses 212 212 0 0 0 0 3332466 3332466 0 0 273402 366674 0 0 0 0 0 0 0 0 0 9294982 17554542 1207 1237 9569591 17922453 109758 168059 0 0 9572121 18013555 0 0 9681879 18181614 X -112288 -259161 -112288 -259161 9569591 17922453 -146873 0 X false false false X 0 0 0 0 0 0 169629 706554 724112 2795480 3171806 7567581 0 0 0 169629 706554 724112 2795480 3171806 7567581 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7567581 770 2800 33228 28042 13787 78627 0 770 2800 33228 28042 13787 78627 0 0 0 0 0 0 0 170399 709354 757340 2823522 3185593 7646208 0.98972 0.98582 0.01 0.01 X Student Loans 17554542 C 17554542 false false false false false false false false false THOMAS LITLE PRESIDENT/CEO 0 754648 0 71182 0 70157 0 80536 0 17616 0 994139 0 0 RICKY TURMAN EVP/COO/CFO 0 601738 0 57806 0 0 0 81176 0 20279 0 760999 0 0 KELLI UTTECH EVP/GENERAL COUNSEL 0 387332 0 38982 0 33671 0 78519 0 5408 0 543912 0 0 ANDREW ELLIS VP HUMAN RESOURCES 0 278846 0 28853 0 0 0 69037 0 11894 0 388630 0 0 RANDALL LARSON VP SALES 0 238172 0 25276 0 0 0 61311 0 12863 0 337622 0 0 TAMMY HARRALSON VP/CONTROLLER 0 229696 0 24191 0 4295 0 59740 0 12379 0 330301 0 0 DARRELL BROOKS TREASURER 0 204026 0 21810 0 6794 0 53686 0 13700 0 300016 0 0 TIFFANY JONES SECRETARY 0 102452 0 10700 0 6243 0 21341 0 11163 0 151899 0 0 Schedule J, Part I, Line 3 COMPENSATION OF PRESIDENT: THE PRESIDENT IS COMPENSATED BY BRAZOS HIGHER EDUCATION SERVICE CORPORATION, A RELATED ORGANIZATION. THE FOLLOWING METHODS ARE USED TO ESTABLISH THE PRESIDENT'S COMPENSATION BY THE RELATED ORGANIZATION: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF THE CEO (OR EXECUTIVE DIRECTOR, AS APPLICABLE), OFFICERS, AND KEY EMPLOYEES OF THE BRAZOS EDUCATION LENDING CORPORATION IS PAID BY A RELATED ORGANIZATION, AND IS DETERMINED UNDER THE POLICIES OF THE RESPECTIVE RELATED ORGANIZATION. Form 990, Part VI, Line 3 Delegation of management duties BRAZOS EDUCATION LENDING CORPORATION (BELC) HAS A CONTRACT WITH BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC. TO PERFORM MANAGEMENT AND ADMINISTRATION SERVICES ON BELC'S BEHALF. THIS INCLUDES PROGRAM ADMINISTRATION FOR THE OUTSTANDING STUDENT LOANS HELD BY BELC. THE SERVICES INCLUDE, BUT ARE NOT LIMITED TO: ACCOUNTING, REPORTING, ORIGINATING, MARKETING, TREASURY, AND BOND INDENTURE ADMINISTRATION AND COMPLIANCE MONITORING OF THE STUDENT LOANS HELD BY BELC. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PROVIDED TO SENIOR MANAGEMENT FOR REVIEW. AFTER THIS REVIEW, THE RETURN IS POSTED ON A SECURE WEBSITE FOR REVIEW BY THE BOARD OF DIRECTORS. THE BOARD IS NOTIFIED OF THE POSTING AND ASKED TO PROVIDE COMMENTS OR QUESTIONS. COMMENTS OR QUESTIONS ARE INVESTIGATED AND RESOLVED OR DISCLOSED TO THE BOARD. UPON COMPLETION OF THE PROCESS, THE RETURN IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE LEGAL DEPARTMENT PREPARES AND DISTRIBUTES A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL BOARD MEMBERS AND EMPLOYEES ANNUALLY. THE LEGAL DEPARTMENT REVIEWS THE QUESTIONNAIRES AND COMPILES A LIST OF POTENTIAL CONFLICTS FOR REVIEW BY SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS. POTENTIAL CONFLICTS ARE ASSESSED AND RESOLVED IF DETERMINED TO BE AT RISK. IF A BOARD MEMBER CONFLICT IS FOUND TO EXIST, THE CONFLICTED BOARD MEMBER ABSTAINS FROM VOTING. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. BRAZOS EDUCATION LOAN AUTHORITY INC 5609 CROSSLAKE PKWY WACO TX 76712 203868073 STUDENT LOANS TX 501(c)(3) 10 NA false BRAZOS HIGHER EDUCATION AUTHORITY INC 5609 CROSSLAKE PKWY WACO TX 76712 742099402 STUDENT LOANS TX 501(c)(3) 10 CITY OF WACO TX false BRAZOS EDUCATION FOUNDATION INC 5609 CROSSLAKE PKWY WACO TX 76712 264562436 GRANT MAKING TX 501(c)(3) 7 BRAZOS HIGHER EDUCATION SERVICE CORP false BRAZOS HIGHER EDUCATION SERVICE CORP 5609 CROSSLAKE PKWY WACO TX 76712 742129255 STUDENT LOANS TX 501(c)(3) Type II NA false BRAZOS ASSET CORPORATION (BAC) 5609 CROSSLAKE PKWY WACO TX 76712 300835799 FINANCE-TRANS INVOLVING CREATION/LIQUIDATION/OWNERSHIP OF FINANCIAL ASSETS TX BRAZOS HIGHER EDUCATION SERVICE CORP C Corporation false false false false false true false true false false false false false true false false false false false false